Vivakor Completes Direct Midstream Due Diligence, Advancing Proposed $40 Million Acquisition Toward Definitive Agreement
Vivakor completed due diligence on Direct Midstream, LLC, advancing the proposed $40 million acquisition toward a definitive purchase agreement. Direct Midstream brings 17 saltwater disposal facilities, nine fresh water and brine stations, and roughly 11.5 million barrels per month of permitted disposal capacity across the Permian Basin, supporting Vivakor's RPC strategy.
Key figures
- Deal Value Usd
- 40000000
- Permitted disposal capacity
- 11.5 million barrels per month
- Capital investment at closing
- $10 million
- Saltwater disposal facilities
- 17
- Fresh water and brine stations
- 9
AI analysis
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